While many people believe that a trust does not
have to be administered, the reality is that there
are many crucial steps that must be taken in order
to ensure that the estate plan is properly executed.
There are important tax and financial decisions
that need to be made and tasks completed during
the time of administration. Legal requirements must
be met. Notices must be sent out and appraisals
completed. Finally, title to the assets must be
properly transferred and distributed in accordance
with the instructions within the trust and in keeping
with the trustmaker’s wishes. At Family Wealth Law
Group we try to do as much of the actual work as
possible, to alleviate the burden placed upon the
appointed successor trustee. Because we try and
maintain an ongoing relationship with our clients,
this process is usually very smooth and efficient.
